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Job Openings and Labor Turnover – February 2023
The number of job openings decreased to 9.9 million on the last business day of February, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations changed little at 6.2 million and 5.8 million, respectively. Within separations, quits (4.0 million) edged up, while layoffs and discharges (1.5 million) decreased. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class. Job Openings On the last business day of February, the number and rate of job openings ... (full story)
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Job openings shrank more than expected in February in a positive sign for the Fed
The number of available jobs in the United States dropped in February to 9.93 million, the lowest number since May 2021, according to data released Tuesday by the Bureau of Labor Statistics. That’s down from the revised 10.56 million reported for January, according to the latest Job Openings and Labor Turnover Survey. Economists were expecting 10.4 million available positions, according to Refinitiv. The February JOLTS report showed that the number of new hires decreased to 6.1 million from 6.3 million, layoffs fell to 1.5 million from 1.7 million, and quits grew to 4 million from 3.9 million. The labor market has ... (full story)
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